Harvard has cancelled the men’s soccer team’s season after an Office of General Counsel review found that the team continued to produce vulgar and explicit documents rating women on their perceived sexual appeal and physical appearance.

Harvard’s traditional revenue sources—including returns on its endowment—may be subdued in the coming years, a reality that could “significantly constrain” future University budgets, according to Harvard’s annual financial report released Tuesday.

​Harvard’s Office of General Counsel will “conduct an immediate review” of a sexually explicit document circulated among the 2012 men’s soccer team, University President Drew G. Faust said in a statement Tuesday.

After months of tense contract negotiations, Harvard will pay its full-time dining services employees at least $35,000 a year and cover increased copayments until 2021—a settlement that union leaders say satisfy their demands.

University President Drew G. Faust commended Harvard’s global impact at an alumni event in Berlin Friday, the latest in a series of international trips she has made as part of the University’s ongoing capital campaign.